Skip to content

Ford eyeing India as a hub for EV manufacturing

During 25 years of sales in India, Ford only had 2 percent of the passenger car market, admitting it had lost over US$2 billion in the previous ten years

On Feb. 11, India stated that 20 businesses, including Tata Motors, Suzuki Motor Gujarat, Hyundai Motor India, and Mahindra & Mahindra, had been selected to participate in its 'Production Linked Incentive' (PLI) plan for automobiles and auto components. Ford India had shut down just six months ago, however, with fresh incentives, it is reopened.

The plan includes financial incentives to encourage local manufacture of Advanced Automotive Technology products and investment in the automotive manufacturing value chain.

This post is for paying subscribers only

Subscribe

Already have an account? Log in

Latest